Credit Analyst

National Community Investment

Fund Job Description

Job Title: Credit Analyst
Reports to: VP of Lending and NMTC

National Community Investment Fund (NCIF; www.ncif.org) is an impact investor and national nonprofit
Community Development Financial Institution (CDFI) formed in 1996 with a mission to increase access
to responsible financial products and services in underserved communities.

NCIF focuses on impact generation across economic opportunity, racial justice and environmental
justice issues. Total assets under management at NCIF are around $260 million, including a balance
sheet of approximately $78 million and $183 million of New Markets Tax Credits (NMTC) allocations as
July 31,2024. In 2019, NCIF launched a $30 million Credit Strategies Fund for lending and has recently
raised $18 million of debt capital as of August 2024 to support growth and impact. NCIF meets its
mission via the following complementary lines of businesses:

. Equity Investing: We invest in/lend with mission-oriented financial institutions (CDFI banks, minority banks,
CDFI loan funds and others) with equity, debt and deposits investments. NCIF is the largest investor in CDFI
banks with investments in 17 institutions (>10% of sector). Selectively NCIF will invest in financial and green
technology corporations that are mission aligned;

. New Market Tax Credit deployment: We have received $401 million in NMTC allocations and are
deploying it into nonprofit and for-profit impact-oriented operating companies and real estate such as,
health care facilities, and schools.

. Lending: NCIF is building a portfolio of loans that are focused on supporting businesses, housing
communities, education, healthcare and other sectors that are mission aligned. To further that reach, we
are launching a platform to originate and syndicate loans among the NCIF Network of Banks. We have
also launched an initiative to lend to greenhouse gas reduction projects that are aligned with the EPA
goals around (a) net-zero buildings (b) zero-emission transportation and (c) alternative energy source
(i.e. solar) in underserved communities nationally.

. Impact measurement is the foundation of NCIFs work and supports all our business lines. NCIF
pioneered the use of Social Performance Metrics (www.bankimpact.org) and is developing a Large
Language Model/Generative AI based Data Analytics Platform to catalyze additional capital to the
sector.

Credit Analyst
Underwriting/Financial Analysis:

• Support underwriting of NMTC and loan opportunities.

• Assist in data gathering and due diligence including economic/industry assessments.

• Spread financial statements and create operating projections to perform financial statement analysis,

cash flow analysis, repayment analysis, risk and mitigant assessment.

• Analyze borrowers budgets and projections to assess and stress test debt service capacity.

• Assist lenders with credit writeups and presentation at loan committee.

• Assist in assessment of collateral.

• Input data into loan management system, as needed.

Asset Management:

• Monitor projects during construction, including review of thirdparty construction reports, construction

draws and budgets.

• Ensure that all transactions comply with the terms of legal agreements and cash flows are consistent with

financial projections.

• Support control/loan servicing departments with post close monitoring/reporting.

• Ensure compliance of all covenants and conditions.

Qualifications:

• Bachelors degree (or comparable work experience), preferably in Business, Accounting or Finance.

• 2 5 years of experience with credit underwriting/financial analysis.

• Experience in banking, CDFI and nonprofit organizations would be a plus.

• Passion for community development and for improving the lives of individuals in underserved

communities.

• Strong attention to detail and analytical skills.

• Proficiency in Microsoft Office with strong expertise in MS Excel.

• Ability and willingness to work in an entrepreneurial organization positioned to grow.

• Ability to work on multiple projects simultaneously.

NCIF is an equal opportunity employer and provides equal treatment and opportunity to all persons without regard
to race, color, religion, national origin, sex, age, disability, veteran status or sexual orientation except where such
distinction is required by law. NCIF has a hybrid schedule with part remote/in-office work schedules. Preference will
be given to candidates who are residents of Chicago or are willing to relocate.

Please send cover letter and resume to [email protected]